Plains Acreage Change in 2018
We take Tuesday’s research one step further, and forecast changes in crop acreage across the Plains in 2018.
Afternoon Weather Update
New GFS Model Already in Better Agreement with EU; Crop Relief Minimal Next 10 Days: A newly updated GFS has its first run at midday, and though the accuracy of the updates will take time to measure, the EU and GFS models are already in much better agreement on the 10-day pattern. Both feature regional…
Wheat Down Slightly; Long Liquidation Continues
CBOT wheat ended steady, other classes ended lower as funds continue to exit recently established long positions – which, recall, were record large on KC and Minneapolis. It was another day void of fresh demand news, but our work continues to suggest downside risk is limited as problems worsen in Canada and Australia (and now…
Corn Adds Weather Premium; Market Shrugs Off Wet GFS Forecast:
The GFS model has been updated, and it’s in better agreement with its EU counterpart. However, the GFS is still much wetter in IA in the next 10 days, but trade seems to be inching its bias toward the EU based on performance to date. How much rain falls across the W Corn Belt in…
Hogs Close Lightly Mixed Around Unchanged
Hogs closed higher at midweek, with August again finding support under the 50 day moving average and then closing $2 higher from Tuesday. Nearby strength supported higher closes across the rest of the market, leaving December just under $63. The hog index was off $.04 at midweek at $92.46 and projected $.07 lower for Thursday.…
